QQQ is looking solid for a reversal here. Had a bullish engulfing candle to begin the 4hr yesterday and we have some solid hidden bullish divergence presenting itself. Should be good for a nice profit by the end of next week or maybe that last week of April. Good 1:3 risk-to-reward ratio too.
Entry: $340.92
Stop: $334.33
Target: $361 (the gap fill)
Entry: $340.92
Stop: $334.33
Target: $361 (the gap fill)
Commentaire:
Exited after that bullish engulfing candle on April 13th got invalidated. All the bullish momentum got destroyed. Took a 1.2% loss on this one.